'T PINEGELTJE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
'T PINEGELTJE
Largest movements
- Cash +€7,060
up €7,060 (+110%), from €6,436 to €13,496
mainly Net result for the year (+€8,341) and Depreciation (+€2,756)
- Tangible fixed assets -€2,756
down €2,756 (-1.8%), from €154,080 to €151,324
of which Furniture and vehicles: -€2,756
- Profit (loss) carried forward +€8,341
up €8,341 (+6.1%), from -€136,112 to -€127,771
- Trade debts -€4,996
down €4,996 (-80.5%), from €6,204 to €1,208
- Other operating charges -€900
down €900 (-58.2%), from €1,545 to €646
- Gross operating margin -€617
down €617 (-5.0%), from €12,390 to €11,773
- Financial charges -€353
down €353 (-100%), from €353 to €0
- Staff costs -€131
down €131 (-77.1%), from €170 to €39
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,097 | €169,645 | +€4,548 | +2.8% |
| Fixed assets | 21/28 | €154,080 | €151,324 | -€2,756 | -1.8% |
| Tangible fixed assets | 22/27 | €154,080 | €151,324 | -€2,756 | -1.8% |
| Land and buildings | 22 | €149,000 | €149,000 | = | 0.0% |
| Furniture and vehicles | 24 | €5,080 | €2,324 | -€2,756 | -54.2% |
| Current assets | 29/58 | €11,016 | €18,320 | +€7,304 | +66.3% |
| Stocks and contracts in progress | 3 | €4,407 | €4,407 | = | 0.0% |
| Stocks | 30/36 | €4,407 | €4,407 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €173 | €418 | +€244 | +141% |
| Trade receivables | 40 | €173 | €418 | +€244 | +141% |
| Cash at bank and in hand | 54/58 | €6,436 | €13,496 | +€7,060 | +110% |
| Total equity and liabilities | 10/49 | €165,097 | €169,645 | +€4,548 | +2.8% |
| Equity | 10/15 | €45,633 | €53,974 | +€8,341 | +18.3% |
| Contributions | 10/11 | €167,600 | €167,600 | = | 0.0% |
| Reserves | 13 | €14,146 | €14,146 | = | 0.0% |
| Distributable reserves | 133 | €14,146 | €14,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,112 | -€127,771 | +€8,341 | +6.1% |
| Amounts payable | 17/49 | €119,463 | €115,670 | -€3,793 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €119,463 | €115,670 | -€3,793 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,204 | €1,208 | -€4,996 | -80.5% |
| Suppliers | 440/4 | €6,204 | €1,208 | -€4,996 | -80.5% |
| Taxes, remuneration and social security | 45 | €281 | €1,566 | +€1,285 | +457% |
| Taxes | 450/3 | €281 | €1,566 | +€1,285 | +457% |
| Other amounts payable | 47/48 | €112,979 | €112,896 | -€83 | -0.1% |
| Non-recurring operating income | 76A | €13,962 | €0 | -€13,962 | -100% |
| Remuneration, social security and pensions | 62 | €170 | €39 | -€131 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,720 | €2,756 | +€36 | +1.3% |
| Other operating charges | 640/8 | €1,545 | €646 | -€900 | -58.2% |
| Gross operating margin | 9900 | €12,390 | €11,773 | -€617 | -5.0% |
| Operating profit (loss) | 9901 | €7,954 | €8,332 | +€378 | +4.8% |
| Financial income | 75/76B | €55 | €9 | -€46 | -83.9% |
| Recurring financial income | 75 | €55 | €9 | -€46 | -83.9% |
| Financial charges | 65/66B | €353 | €0 | -€353 | -100% |
| Recurring financial charges | 65 | €353 | €0 | -€353 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,656 | €8,341 | +€685 | +8.9% |
| Profit (loss) for the period | 9904 | €7,656 | €8,341 | +€685 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,656 | €8,341 | +€685 | +8.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.